Foreign funds pull out nearly 1,200 crore rupees from Indian equities in October

Foreign funds have pulled out nearly 1,200 crore rupees from the Indian equities in October, making it the first monthly withdrawal in 14-months. In comparison, the debt market saw a huge inflow of around 18,000 crore rupees, in the same month.Foreign investors were gross buyers of equities worth 69...

Jet fuel prices slashed by 7.3 %

Prices of Jet fuel have been cut by a steep 7.3 per cent. Aviation turbine fuel or ATF price at Delhi was cut by Rs 4,987.7 per kilolitre to Rs 62,537.93 per kilolitre yesterday. This is the fourth reduction in jet fuel rates since August this year. Declining international oil prices have made impor...

GDP growth to be in 5.5-5.9% range: Finance Minister

Finance Minister Arun Jaitley has said that the government's priority is to bring back growth momentum in the country. Addressing the first meeting of the Consultative Committee of Finance Ministry in New Delhi, Mr Jaitley said the government is expecting growth in the range of 5.5 percent ...

US shares close at record levels

US shares closed at record levels after Bank of Japan's announcement to increase its asset buying plan to 726 billion dollar a year. The Dow Jones Industrial Average rose one per cent to close at a record 17,390.52. The S&P 500 also closed at an all-time high to reach 2,018.05, up o...

Govt's priority is to bring back growth momentum: Arun Jaitley

Finance Minister Arun Jaitley said that the Government's priority is to bring back growth momentum in the country.Speaking during the first meeting of the Consultative Committee of the Ministry of Finance in New Delhi, Jaitley said the government is expecting growth in the range of 5.5 perc...

Growth of 8 core industries plunges to 1.9 % in Sept<br/>

Growth of the eight core industries in September plunged to 1.9 per cent, the slowest pace in eight months, against 9 per cent in the same month last year, due to fall in output of crude oil, natural gas, refinery products and fertiliser.According to the data released by Commerce and Industry Minist...

Petrol price slashed by Rs. 2.41 per litre; diesel by Rs. 2.25

Petrol price has been cut by Rs. 2.41 per litre and diesel by Rs. 2.25 including VAT.The new rate will come into force from Friday midnight.Now, Petrol will cost Rs. 64.24 per litre in Delhi, Rs. 71.68 in Kolkata, Rs. 71.91 paise in Mumbai and in Chennai it will be Rs. 67.1 per litre.For Diesel, peo...

Petrol price slashed by Rs. 2.41 per litre; diesel by Rs. 2.25

Petrol price has been cut by Rs. 2.41 per litre and diesel by Rs. 2.25 including VAT.The new rate will come into force from midnight on Friday.In a statement, Indian Oil Corporation said that the decision has been taken in view of continued downtrend in the international prices of both Petrol and Di...

Diesel, petrol prices to be reduced more soon: Venkaiah Naidu

Arun Jaitley asks IT dept not to lose sight of domestic black money

Finance Minister Arun Jaitley today asked senior officers of the Central Board of Direct Taxes, CBDT not to lose sight of domestic black money. Speaking at a Review Meeting of income tax officials in New Delhi, Mr Jaitley asked the officials to make best efforts to chase sectors where the black mone...